XML 70 R57.htm IDEA: XBRL DOCUMENT v3.23.1
SEGMENT REPORTING (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Dec. 31, 2022
Segment Reporting Information      
Total revenues $ 691,142 $ 74,537  
Cost of revenues (exclusive of depreciation and amortization shown separately below) 619,352 60,990  
Depreciation and amortization attributable to costs of revenues 4,337 1,027  
Gross profit 67,453 12,520  
Selling, general and administrative expenses 41,942 12,149  
Depreciation and amortization attributable to operating expenses 1,016 409  
Income (loss) from operations 24,495 (38)  
Capital expenditures 73,936 388  
Total assets 805,937 280,498 $ 689,385
Refined products      
Segment Reporting Information      
Total revenues 501,097 64,409  
Re-refined products      
Segment Reporting Information      
Total revenues 186,525 9,577  
Services      
Segment Reporting Information      
Total revenues 3,520 551  
Refining & Marketing      
Segment Reporting Information      
Total revenues 659,328 34,719  
Total assets 597,957 4,737  
Black Oil & Recovery      
Segment Reporting Information      
Total revenues 34,704 39,818  
Total assets 105,844 105,489  
Operating Segments | Refining & Marketing      
Segment Reporting Information      
Total revenues 659,328 34,719  
Cost of revenues (exclusive of depreciation and amortization shown separately below) 589,812 33,086  
Depreciation and amortization attributable to costs of revenues 3,294 123  
Gross profit 66,222 1,510  
Selling, general and administrative expenses 26,486 1,125  
Depreciation and amortization attributable to operating expenses 808 105  
Income (loss) from operations 38,928 280  
Capital expenditures 69,908 0  
Operating Segments | Refining & Marketing | Refined products      
Segment Reporting Information      
Total revenues 472,552 29,457  
Operating Segments | Refining & Marketing | Re-refined products      
Segment Reporting Information      
Total revenues 184,843 5,262  
Operating Segments | Refining & Marketing | Services      
Segment Reporting Information      
Total revenues 1,933 0  
Operating Segments | Black Oil & Recovery      
Segment Reporting Information      
Total revenues 34,704 39,818  
Cost of revenues (exclusive of depreciation and amortization shown separately below) 30,418 27,904  
Depreciation and amortization attributable to costs of revenues 1,043 904  
Gross profit 3,243 11,010  
Selling, general and administrative expenses 4,799 4,123  
Depreciation and amortization attributable to operating expenses 38 58  
Income (loss) from operations (1,594) 6,829  
Capital expenditures 4,028 388  
Operating Segments | Black Oil & Recovery | Refined products      
Segment Reporting Information      
Total revenues 29,423 34,952  
Operating Segments | Black Oil & Recovery | Re-refined products      
Segment Reporting Information      
Total revenues 3,694 4,315  
Operating Segments | Black Oil & Recovery | Services      
Segment Reporting Information      
Total revenues 1,587 551  
Corporate and Eliminations      
Segment Reporting Information      
Total revenues (2,890) 0  
Cost of revenues (exclusive of depreciation and amortization shown separately below) (878) 0  
Depreciation and amortization attributable to costs of revenues 0 0  
Gross profit (2,012) 0  
Selling, general and administrative expenses 10,657 6,901  
Depreciation and amortization attributable to operating expenses 170 246  
Income (loss) from operations (12,839) (7,147)  
Capital expenditures 0 0  
Total assets 102,136 170,272  
Corporate and Eliminations | Refined products      
Segment Reporting Information      
Total revenues (878) 0  
Corporate and Eliminations | Re-refined products      
Segment Reporting Information      
Total revenues (2,012) 0  
Corporate and Eliminations | Services      
Segment Reporting Information      
Total revenues $ 0 $ 0